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USD/MXN
USD MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDMXN
ISIN:

USD/MXN - 15 min. - Technical analysis published on 04/12/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 16.6131 MXN
My targets
16.6804 MXN (+0.0197)
16.8374 MXN (+0.1767)
My analysis
USD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 16.6131 MXN. The next resistance located at 16.6804 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16.8374 MXN. After this resistance, buyers could then target 17.0411 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

stebetrade
This analysis was given by stebetrade. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

USD/MXN rating 16.6607 MXN. The price has increased by +1.33% since the last closing and was between 16.4264 MXN and 16.7457 MXN. This implies that the price is at +1.43% from its lowest and at -0.51% from its highest.

16.4264
16.7457
16.6607

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of USD/MXN in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.4403 16.4930 16.6188 16.6607 16.6804 17.0411 17.8427
Change (%) -1.32% -1.01% -0.25% - +0.12% +2.28% +7.09%
Change -0.2204 -0.1677 -0.0419 - +0.0197 +0.3804 +1.1820
Level Minor Intermediate Intermediate - Major Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.264516.319716.380716.435916.496916.552116.6131
Camarilla16.409816.420416.431116.441716.452416.463016.4737
Woodie16.267416.321216.383616.437416.499816.553616.6160
Fibonacci16.319716.364116.391516.435916.480316.507716.5521


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.133616.287016.368216.521616.602816.756216.8374
Camarilla16.385016.406516.428016.449516.471016.492516.5140
Woodie16.097616.269016.332216.503616.566816.738216.8014
Fibonacci16.287016.376616.432016.521616.611216.666616.7562


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.805916.158616.355316.708016.904717.257417.4541
Camarilla16.400916.451316.501616.552016.602416.652716.7031
Woodie15.727916.119616.277316.669016.826717.218417.3761
Fibonacci16.158616.368516.498116.708016.917917.047517.2574

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 70.55
MACD (12,26,9): 0.0611
Directional Movement: 27.5978
AROON (14): 92.8571
DEMA (21): 16.7087
Parabolic SAR (0,02-0,02-0,2): 16.6649
Elder Ray (13): 0.0324
Super Trend (3,10): 16.6143
Zig ZAG (10): 16.6899
VORTEX (21): 1.2563
Stochastique (14,3,5): 85.55
TEMA (21): 16.7380
Williams %R (14): -20.64
Chande Momentum Oscillator (20): 0.1226
Repulse (5,40,3): -0.0088
ROCnROLL: 1
TRIX (15,9): 0.0469
Courbe Coppock: 2.08
MA7: 16.4755
MA20: 16.5973
MA50: 16.8351
MA100: 16.9878
MAexp7: 16.6948
MAexp20: 16.6338
MAexp50: 16.5554
MAexp100: 16.5080
Price / MA7: +1.12%
Price / MA20: +0.38%
Price / MA50: -1.04%
Price / MA100: -1.93%
Price / MAexp7: -0.20%
Price / MAexp20: +0.16%
Price / MAexp50: +0.64%
Price / MAexp100: +0.93%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/MXN. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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